Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY – Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $27.80, but opened at $29.43. Leonardo shares last traded at $29.8410, with a volume of 2,176 shares traded.
Analysts Set New Price Targets
A number of brokerages have issued reports on FINMY. Morgan Stanley reaffirmed an “overweight” rating on shares of Leonardo in a research report on Monday, June 1st. Jefferies Financial Group cut shares of Leonardo from a “buy” rating to a “hold” rating in a research report on Monday, April 20th. Zacks Research raised Leonardo to a “hold” rating in a research report on Friday, May 15th. Barclays upgraded Leonardo from an “equal weight” rating to an “overweight” rating in a report on Monday, March 9th. Finally, Citigroup raised Leonardo from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.
Read Our Latest Stock Analysis on FINMY
Leonardo Stock Performance
Leonardo Company Profile
Leonardo S.p.A. is an Italy-based global aerospace, defence and security company that designs, manufactures and supports a broad range of products and systems for military, government and commercial customers. Its core activities span helicopters and fixed-wing aircraft, avionics and mission systems, air and naval defence electronics (including radars and sensors), cybersecurity and secure communications, as well as space systems and services. The company also provides systems integration, mission support, maintenance, repair and overhaul (MRO) and training services across its product lines.
The business traces its modern identity to the former Finmeccanica group and was rebranded as Leonardo in 2017, reflecting a strategic emphasis on technology, research and innovation.
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